Siemens (News - Alert) has been selected by Boeing [NYSE: BA] to implement new
automation solutions aimed at developing automation standards that will
make Boeing's manufacturing systems more efficient and safer.

As part of a multi-year agreement, Siemens was selected to develop and
implement advanced manufacturing best practices companywide as the next
step in the evolution of the Boeing (News - Alert) production system. The initiative is
designed to help Boeing realize operational efficiencies across a broad
range of equipment by standardizing advanced manufacturing structural
components and related technologies.

"We are excited about expanding our long-standing relationship with
Boeing as they harness the full power of advanced automation," said Raj
Batra, President, Siemens Digital Factory Division, U.S. "Boeing is a
visionary and understands that sophisticated automation, combined with
human manufacturing know-how, will ensure high levels of safety,
quality, efficiency and flexibility to get the right product to market
faster in response to rising global demand."

The two companies will establish a mentoring plan and classroom and
online training to ensure employees have the technical skills and
knowledge needed for advanced manufacturing and willreplicate best
safety and training practices from other manufacturing industries.
Building on Siemens' more than 50 years of experience in automation
standardization in the automotive industry, the partnership will also
drive automation architectures specifically designed to scale to meet
the needs of Boeing's manufacturing system.

"When we talk about digital enterprise, its starts with having the right
portfolio. Siemens began integrating its hardware and software more than
a decade ago, now allowing industry to digitize every aspect of
manufacturing," says Batra. "A decade later, we are able to virtualize
and simulate the real world. This head-start in development of the
common digital tread sets Siemens apart from all others."

Siemens Corporation is a U.S. subsidiary of Siemens AG (News - Alert), a global
powerhouse focusing on the areas of electrification, automation and
digitalization. One of the world's largest producers of
energy-efficient, resource-saving technologies, Siemens is a leading
supplier of systems for power generation and transmission as well as
medical diagnosis. With approximately 379,000 employees in 190
countries, Siemens reported worldwide revenue of $94.0 billion in fiscal
2018. Siemens in the USA reported revenue of $23.7 billion, including
$5.0 billion in exports, and employs approximately 50,000 people
throughout all 50 states and Puerto Rico.